Loading...

Big Picture Economics: How to Navigate the New Global Economy

ISBN: 978-0-470-64181-1

April 2014

256 pages

Description

Economics has long been referred to as "the dismal science," and there is no doubt the struggling global economy has created a negative perception around the science of economics in general. But one of the country's leading economists wants people to know that there is more to the dismal science than gloomy forecasts and confusing, jargon-encumbered proclamations. Put into the right context, the principles of economics can help people gain vital and helpful insight into their financial and investment lives.

In Big Picture Economics: How to Navigate the New Global Economy, award-winning futurist economist Joel Naroff and veteran journalist Ron Scherer bring economics into focus by explaining that theory only goes so far—and proper context is what really matters. Naroff's skilled predictions have earned the confidence of BusinessWeek and the Wall Street Journal, which use his reports on a weekly basis. In this book, Naroff and Scherer take the fear out of economics by providing a roadmap to become educated about a misunderstood science that may not be so bleak after all.

Big Picture Economics takes readers through a crash course in economics—Dismal Science 101—a homeschool course for those who not only want to understand the global economy, but also interpret what it might do to their financial lives and financial futures. Global corporations, banks, and governments have been using the insights and advice you'll find in this book for years, and now you can apply that same knowledge to take control of your financial destiny.

About the Author

JOEL L. NAROFF is a nationally recognized expert and recipient of the Lawrence Klein Award for Blue Chip forecasting excellence and the National Association of Business Economists Outlook Award. Named the Bloomberg Business News 2008 top economic forecaster, Naroff was also named top economic forecaster by MSNBC in 2006. Data compiled by Bloomberg shows Naroff as the top forecaster of the U.S. economy during a period that included the start of the global credit crisis.

RON SCHERER is a veteran journalist who has worked for UPI, U.S. News & World Report, and for The Christian Science Monitor, a prize-winning publication. In his 37 years at the Monitor, he covered Wall Street, economic policy during the Reagan administration, and many of the important news and economic events of the day.